Top news of the week: 17.07.2022.
As Regulatory Scrutiny of BaaS Grows, Rumors Swirl
Banking-as-a-Service Providers Told to Slow or Freeze Client Onboarding, Sources Say
Wefox grabs $400M at $4.5B valuation to buck the insurtech downturn trend
European insurance tech startup Wefox has raised $400 million in a series D round of funding, giving the German company a post-money valuation of $4.5 billion. This represents a 50% ...
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Big Bank Tech Advantage Slows Innovation and Decreases Competition
While advanced technology used to be a force driving disruption, it is now being used to suppress innovation and competition.
Are Big Banks Hurting Competition, Innovation and Equality?
How the biggest banks use proprietary software to hurt innovation and competition and undermine regulation.
Fintech deals have officially retreated to pre-2021 levels
The latest data shows that investment into European fintech has retreated from last year’s record levels
How Embedded Finance is Blending Banking and Commerce
Banks that partner with retailers and other sellers to become their invisible financial channel can pick up new customers and loan growth.
Kids banking fintech GoHenry acquires Pixpay
U.K.-based fintech GoHenry, which provides pre-paid debit cards and a financial education app for children, this week announced its acquisition of France-based startup Pixpay, a challenger ...